Economists expect US to shake off winter slowdown

Economists expect US to shake off winter slowdown
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Economists expect US to shake off winter slowdown

According to the latest National Association for Business Economics survey, economists are more upbeat about the economy now that we have escaped the brutally cold winter that negatively impacted economic activity during the first three months of the year. Recent data ranging from retail sales to industrial production has pointed toward a rebound in economic growth. Overall, 72% of economists polled in the survey feel that U.S. GDP will grow by 2% to 3% in 2014, ahead of 1.9% GDP growth in 2013. Additionally, 80% of survey respondents expect the Federal Reserve to end its quantitative easing program by year end.

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